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Market Close: Dec 28 Up

Fueling Strategy: Please fill as needed tonight, Be Safe
NYMEX Crude        $  59.84 UP $.2000
NY Harbor ULSD   $2.0521 UP $.0119
NYMEX Gasoline   $1.7930  UP $.0015
NEWS

Oil prices traded mixed on Thursday, lifted by strong data from top importer China amid thin trading activity ahead of the New Year weekend.

Heading into 2018, traders said market conditions were relatively tight due to ongoing supply cuts led by the Middle East-dominated Organization of the Petroleum Exporting Countries (OPEC), as well as top producer Russia.

WTI crude futures were at $59.64 a barrel, unchanged from their last settlement. WTI broke through $60 a barrel earlier this week, the first time since June 2015.

Brent crude futures were at $66.45 a barrel, up 1 cent or 0.02 percent. Brent broke through $67 earlier this week, the first time since May 2015 this week.

U.S. crude stocks fell last week as refineries hiked output, while gasoline and distillate inventories rose, the Energy Information Administration said on Thursday.

Crude inventories fell by 4.6 million barrels as refineries hiked output in the week to Dec. 22, compared with analyst expectations for a decrease of 4.0 million barrels.

Gasoline stocks rose by 591,000 barrels, compared with analysts’ expectations in a Reuters poll for a 1.3 million-barrel gain. Distillate stockpiles, which include diesel and heating oil, rose by 1.1 million barrels, versus expectations for a 584,000-barrel drop, the EIA data showed.

Have a Great Day,
Loren R Bailey, President
Fuel Manager Services, Inc.
“Celebrating 25-years of Excellent Service”

Office: 479-846-2761
Cell: 479-790-5581
Categories: Fuel News
loren: Fuel Manager Services Inc. "Serving the trucking industry since 1992" I've been in and around the trucking industry for 45-years beginning in owner operator operations at Willis Shaw Express. I bought a small trucking company that I ran for 6-years then sold and went to work for J.B. Hunt Transport in 1982. After 10-years with Hunt, I started Fuel Manager Services, Inc., we are in our 29th year of serving the American trucking companies. Our simple goal was and is to bridge the gap between the trucking companies and the fuel suppliers.